DEBT CANCELLATION

Agency

Cassa Depositi e Prestiti

Channel reported

-

Description

DEBT CANCELLLATION AGREEMENT BETWEEN THE ITALIAN GOVERNEMENT AND THE GOVERNEMENT OF THE REPUBBLIC OF NICARAGUA SIGNED IN MANAGUA ON 27.01.2005 AND LEGALLY ENTERED INTO FORCE ON 05.05.2005. THE AMOUNT CANCELLED IS REFERRED TO ALL DEBT DUE AT 20.06.1999 RELATED TO AID LOANS FOR BOTH PRINCIPAL AND INTEREST, INCLUDING DEFAULT INTEREST AND LATE INTEREST. THE AMOUNT CANCELLED IS EQUAL TO USD 47.285,30 (OUT OF WHICH USD 25.395,66 DEFAULT INTEREST AND 21.889,64 LATE INTEREST) RELATED TO AID LOAN 81/007
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